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The project Immeuble Falaise by Bricks

Bricks

Review of the project Immeuble Falaise by Bricks

Review's score :
BLa note de l'analyste pour ce projet est B
Les notes vont de A à E

Score details

To assign the grades A and E, we use a Bonus/Malus system.
⚠️ Some criteria may be missing in the detailed list below.
⚠️ The scoring model is not suitable for all types of projects.
The total points for this project is 15

CriteriaPoints
mortgage coverage🟩🟩🟩🟩🟩
optimistic scenario margin🟩
pre-commercialization🟩
track record🟩🟩
location
in the vicinity🟩
yield🟩
LTA
LTS
operator commitment
sales price🟩🟩
permanent loss
late projects
price trend🟩
urban planning risk🟩
debt to equity
debt to asset

Jordan RThis review is proposed by on

The project starts on 22/07/2024 17h00
💰 The estimated rate of return is 10% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 10€

🤖 Review's summary

Project Analysis: Falaise Building at Bricks by Jordan R

The project is scheduled for 2024-07-22 at 17:00:00

Overall Opinion: The project involves the purchase and resale of an 11-unit building cut into apartments. It has a mortgage coverage of 83%, acquired at a significantly lower price than the market average. There is a 35% pre-commercialization with a selling price below the lower range of the sector. Noteworthy is that 5 apartments generate a total monthly rent of 2165 €, covering monthly interests.

Project Details

Type of Project: Purchase - renovation/construction - resale

Amount to be Financed: 600,000 EUR

Capital Repayment: In fine. Interests: 1m

The opportunity lies in the acquisition of a rental building located at 30 Rue De Brebisson, 14700 Falaise. The building, with a total living area of 698 m², consists of 11 apartments to be resold individually after renovations to generate profit. Renovations will be done on common areas and for condominium setup before the resale.

Analysis Summary

Positives: High 10% return, correct 83% mortgage coverage, optimistic margin scenario of 21%, good condition of the property and the neighborhood, no urbanistic risks.

Concerns: Below-average platform return, pre-commercialization at risk, high LTA and LTS percentages, low operator engagement.

Situation: Located in a town with less than 10k inhabitants, in the historical center, with amenities nearby.

My Opinion

This project seems like a diamond in the rough! Despite some concerns, the potential for high returns and the strategic location make it a promising venture. The discounted acquisition price and the ability to cover monthly expenses through existing rents are definite advantages. With some adjustments in the pre-commercialization strategy and operator engagement, this project could shine even brighter. Plus, who doesn't love a little extra bonus with the code MARMEG30? Count me in for this exciting opportunity!

Remember, investment always comes with risks, but with the right approach and a hint of optimism, success is within reach. So why wait? Dive into this project with me using the link MARMEG30 and let's conquer the world of real estate together!

Historial rates of return Bricks

Investor votes results for the project: Immeuble Falaise

29 voters
👎55% 👍3% 🤷7% 🏳️34%
To vote :

Jordan RJordan R
Jordan, 35 years old, electronics engineer by training. I currently live from my passions as a ski instructor and canyon guide. Investor in the stock market (stock/ETF), physical real estate and more recently in real estate crowdfunding since 2020. I mainly invest on the platforms: ClubFunding, Lapremierbrique and Upstone. My crowdfunding portfolio is over 100k

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1% of the invested amount with code : MARMEG30
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